In this episode of the Consumer Credit Matters podcast, host William Black interviews Peter Jasko, CEO and co-founder of Semeris, a company focused on enhancing the efficiency of reading and analyzing legal documents in the securitization market. They discuss the role of technology, particularly AI, in transforming document analysis, the challenges of accessing legal documents, and the expansion of Semeris into new asset classes. The conversation also touches on the competitive landscape, the evolution of legal documentation, and the future of private credit.

Chapters

00:00 Punching Through the Noise: Welcome to Semeris

04:45 Meet the Founder: Peter Jasko on the Origins of Semeris

10:16 Case Study: CLO Documentation Review Process

13:39 The AI Leap: Beyond NLP Frustrations

16:51 Analyst Augmentation and Operational Efficiency

18:25 How Semeris Stands Apart

23:15 Beyond CLOs: Semeris Goes Multi-Asset

41:17 Build or Buy?: Competing in the Legal AI Race

50:18 Complexity in Legal Documentation and Its Implications

56:53 What's in a Name: The Story Behind "Semeris"